Concepts And Effects Of Location And Localization Of Industry In Nigeria Jamb Economics Past Questions
Question 21
Which of the following is a disadvantage of regional concentration of industries?
- A. Development of congested urban areas
- B. Existence of regional unempolyment
- C. High cost of labour
- D. Immobility of labour
Question 22
Localization of industries refers to the?
- A. tendency to concentrate industries in particular areas
- B. sitting of industries in certain areas
- C. deliberate policy of influencing location of industries generally
- D. zoning of industries
Question 23
Industries that can be randomly located are characterized by?
- A. relatively low transport cost for both raw materials and output and factor mobility
- B. relatively heavy transport cost for raw material or output
- C. constant returns to scale
- D. signficant economy of scale
Question 24
Which of the following is NOT an advantage of localization of industries?
- A. Reaping of external economies
- B. Development of a pool or skilled labour for industry
- C. Development of subsidiary industries
- D. Development of organized markets
- E. Growth of conurbations
Question 25
The basic principles of co-operative societies are those of?
- A. active participation of capitalist in the affairs of co-operative societies
- B. worker ownership and worker control
- C. sole proprietorship
- D. partnership
- E. denying of credit facilities to members
